On January 6, in an effort to expand its customer base and reseller partner channel Great Plains, a provider of financial management software for midsize businesses, announced it plans to acquire RealWorld Corp., a developer of accounting and business solutions. In a separate move, Great Plains also unveiled plans to acquire Fixed Asset Management LLC, a wholly owned subsidiary of The Forestar Group to gain the rights to Forestar's Fixed Asset Management product, which allows a company to record, track, depreciate, and analyze its fixed assets.
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solutions. Through the acquisition, Great Plains expects to add over 20,000 mid-market customers and expand its channel capacity through RealWorld's partner network. Great Plains will gain over 65 team members located in Manchester, N.H., with development, marketing, sales, and business-management experience. The company says it plans to use the northeast office to provide consulting, training, migration, and support services to customers and partners. Great Plains will issue approximately 184,000 shares